IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Industrial Biotech

BioAmber prices shares for IPO

11:25 AM MDT | April 15, 2013 | Rebecca Coons

Biobased succinic acid producer BioAmber said last week it aims to raise $128 million with its planned initial public offering. In an SEC filing dated 12 April, the company said it would sell 8 million shares at $15–17 million. The $128-million target is a modest discount to its original target of raising $150-million, used when the company first announced plans for an IPO in November 2011. A number of its peers in the biobased chemicals industry, including Elevance Renewable Sciences (Woodbridge, IL), Genomatica (San Diego), and Coskata (Warrenville...

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